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On Jan. 1, IBM put the brakes on its dollar-for-dollar 5% employee match in its 401(k) plan and began providing most of its US workers a portable "retirement benefit account."
Half of U.S. workers would accept a pay cut to work remotely, with 26% willing to take a 5% reduction and 24% open to cuts of 10% or even 15%, according to a FlexJobs survey cited by Newsweek ...
The Trump administration’s purge of federal workers may ultimately amount to the biggest job cut in U.S. history, which is likely to have ramifications for the economy, especially at the local ...
Last week, IBM reported its first quarterly earnings miss in eight years, and the company said at the time that it would spend $1 billion cutting jobs among its workforce as a way to reduce expenses.
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The federal Social Security Check Tax Cut Act would similarly phase out federal taxes on Social Security benefits, beginning with a 10% cut in year one and increasing to 20% in year two.
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Salaries were cut for all management positions, beginning at 15% for lower-level managers and going up to a 70% cut for CEO Carlos Alberini and chief creative officer Paul Marciano.